Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Equities rise on hopes for debt-ceiling deal Stick with Palo Alto Networks Watch Meta Platforms 1. Equities rise on hopes for debt ceiling deal Stocks climbed higher Thursday morning — the S & P 500 was up 0.45% — with the market anticipating a potential deal in Washington to raise the debt ceiling and avoid a catastrophic government default at the end of the month. “Now we have a structure to find a way to come to a conclusion,” House Speaker Kevin McCarthy told CNBC Wednesday . He indicated House Republicans could reach an agreement with President Biden and the Democrats on raising the government’s borrowing limit by the end of the week. Thursday’s move higher came a day after the market’s biggest single-day rally in roughly two weeks. Amid the investor optimism, we initiated a position Wednesday in GE Healthcare Technologies (GEHC), a global leader in medical imaging, diagnostics and digital solutions. 2. Stick with Palo Alto Networks Shares of Club holding Palo Alto Networks (PANW) came under pressure Thursday, as investors fled the cybersecurity name over growing recession fears. But Morgan Stanley said it would be “buying the recent dip” in PANW stock given the “positive setup” ahead of Palo Alto’s fiscal third-quarter results on May 23. “I’m with that,” Jim Cramer said of Morgan Stanley’s analysis. “If it gets hit, we’ll buy more.” Morgan Stanley maintained an overweight, or buy, rating on Palo Alto stock, with a price target of $255 per share. The stock was down 0.88% in midmorning trading, at roughly $190 apiece. 3. Watch Meta Platforms Shares of Meta Platforms (META) initially edged up Thursday on news Montana will become the first U.S. state to ban competitor TikTok . Meta CEO Mark Zuckerberg has been investing heavily in the company’s Reels video offering on its Facebook and Instagram platforms to…
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